Despite his best efforts in last week’s speech in Nottingham, Bank of England Governor Mark Carney failed to bring the markets any closer to the MPC’s way of thinking regarding the interest rate outlook and hence drive market rates lower. The obvious next step for the MPC would be to restart the asset purchase programme, perhaps focused on short-dated gilts.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services